Other than refundable Library and Hostel deposit and the recurring mess fees there are no fees charged by the Institute for either of the undergraduate degree programmes. A monthly stipend of Rs. 3000 is awarded at the time of admission to each student for either of the degree programmes. This is valid initially for the first semester only. A repeating student will not get any stipend or contingency grant or prizes during the repeat year. However, if she/he is from such an economically underprivileged background that this step will force him/her to discontinue, then she/he can appeal to the Dean of Studies or the Students Incharge, for financial support. The amount of stipend to be awarded in each subsequent semester depends on academic performance, conduct, and attendance, as specified below, provided the requirements for continuation in the academic programme (excluding repetition) are satisfied; see below
1. Students having other Scholarships: If a student is getting a scholarship from another government agency then the stipend will be discontinued. If during the degree programme the student obtains any scholarship with retrospective effect then the student should return the stipend given by the institute. Failure to do so will be deemed as unsatisfactory conduct and corresponding rules shall apply.
2. Performance in coursework If, in any particular semester, (i) the composite score in any course is less than 35%, or (ii) the composite score in more than one course (two courses in the case of the first semester of the first year,) is less than 45%, or (iii) the average composite score in all credit courses is less than 45%, no stipend is awarded in the following semester. If all the requirements for continuation of the programme are satisfied, the average composite score is at least 60% and the number of credit course scores less than 45% is at most one in any particular semester (at most two in the first semester of the first year), the full value of the stipend is awarded in the following semester. If all the requirements for continuation of the programme are satisfied, the average composite score is at least 45% but less than 60%, and the number of credit course scores less than 45% is at most one in any particular semester (at most two in the first semester of the first year), the stipend is halved in the following semester. All composite scores are considered after the respective back-paper examinations. The stipend is fully withdrawn as soon as the requirements for continuation in the academic programme are not met.
3. Attendance If the overall attendance in all courses in any semester is less than 75%, no stipend is awarded in the following semester.
4. Conduct The Dean of Studies or the Class Teacher, at any time, in consultation with the respective Teachers’ Committee, may withdraw the stipend of a student fully for a specific period if his/her conduct in the campus is found to be unsatisfactory. Note: Once withdrawn, stipends may be restored in a subsequent semester based on improved performance and/or attendance, but no stipend is restored with retrospective effect. Stipends are given after the end of each month for eleven months in each academic year. The first stipend is given two months after admission with the retrospective effect provided the student continues in the degree programme for at least two months. A yearly contingency grant of Rs 3000 is given to students at the time of admission. Contingency grants can be used for purchasing a scientific calculator (or calculator) and other required accessories for the practical class, textbooks and supplementary textbooks and for getting photocopies of required academic material. All such expenditure should be approved by the Students-In-Charge. Contingency grants can be utilised after the first two months of admission. Every student is required to bring a scientific calculator for use in the practical classes. Every student is allowed to use the library facilities available in the Institute. He needs to pay a security deposit of Rs. 2000 which is refundable at the end of the course.